INDIAN DEBT REDUCED.
(British Official Wireless.) ( , " • . •■■ ■ RUGBY, 14th June. • The Secretary for India will repay tomorrow, 15th June, the earliest possible redemption date, the outstanding balance t-t £3,604,600 of India 6 per cent, bonds 1932-33 issued February 1930. Tho total amount pfissvie was £0,000,000, which has been reduced to the above figure by independent operations. The outstanding balance, £11.213,428, of ludia 5% per cent, loan 1032, of which'the original amount was £22,500,000, was repaitl,last January. The recent issue of India sterling stock was for £10,000,000 nominal. Thus, after allowing for : this operation, the effect of repayment of these two loaus is to reduce: by ,a. very large amount the outstanding .total of Indian debt in Britain
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Bibliographic details
Evening Post, Volume CXIII, Issue 142, 17 June 1932, Page 10
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116INDIAN DEBT REDUCED. Evening Post, Volume CXIII, Issue 142, 17 June 1932, Page 10
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